We aim to be the most preferred non-life insurer in Thailand

1.5 Data on Transaction Related to Business Relations or Provision of Occupational Services between
Independent Directors and Companies, Corporations, Affiliated Companies, Associated Companies or any Party
the May Have Conflicts
Through the effective procedure of the Board directors’ nomination, the Company’s independent directors are
appropriately qualified and truly independent. Furthermore, they do not occupy the position of independent directors or members
of corporations, affiliated companies or affiliated companies in the same order.
In addition, the Company has no commercial agreements or transactions related to business relations or provision
of occupational services between the Company and its Board directors, independent directors, management, including corporations,
affiliated companies, associated companies or any party that may have conflicts, which has a value exceeding that defined by the
Securities and Exchange Commission (SEC).
Nonetheless, the Board of Directors’ meeting (No.3/2008) held on August 14, 2008 had approved in principle, the
permission for companies, associated companies and affiliated companies to do business which may have a related transaction
with the Company’s Board directors, management or any party concerned, both the transaction that was made earlier and/or one
that will be made in the future. This is based on the condition that such a business transaction has commercial agreements in the
same way as a reasonable man will treat a general party to a contract in the same situation, through the commercial bargaining
power without the influence of his/her status as the Company’s Board director, management or any party concerned. Please see
more detail in the section “Related Parties Transactions”.
2. Management Committee
The Management Committee consists of executive directors and management appointed by the Company’s President.
The scope of duties and authority of the Management Committee includes the following:
The Scope of Duties and Authority of Management Committee
1. To verify, before presenting to the Board of Directors for consideration, the Company’s vision, strategies, business goals,
and annual budget, as well as policy on risk management.
2. To verify, before presenting to the Board of Directors for consideration, the procurement or disposal of the Company’s
major assets.
3. To ensure that the Company has an implementation based on its policy of corporate governance, as well as an evaluation
of its consequences, including suggestions for the Board of Director’s consideration.
4. To conduct any duties assigned to them by the Board of Directors.
5. To periodically follow up and report on the Company’s performance to the Board of Directors.
Name of the Management Committee
The term “The Company’s Management Committee”, as defined in the Office of Securities and Exchange Commission (SEC)’s
notices, includes the first four executive members following the manager. Thus the Company’s Management Committee is made
up of the first four executive members following the Chairman and President. The Management Committee (as at December 31, 2009)
was comprised of 14 executive members.
However, on January 1, 2010, the Company underwent organizational restructuring and altered the position of some of its
executives. As a consequence, the Company’s Management Committee (as at January 1, 2010) is made up of the Chairman and
Chief Executive Offi cer followed by the fi rst four executive members, which consists of 14 executive members whose names are
listed below:
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